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Look for Shares of Comerica Inc to Potentially Rebound after Yesterday's 4.68% Sell Off

Comtex SmarTrend(R) - Tue Sep 22, 12:34PM CDT

Comerica Inc (NYSE:CMA) traded in a range yesterday that spanned from a low of $36.72 to a high of $38.79. Yesterday, the shares fell 4.7%, which took the trading range below the 3-day low of $38.29 on volume of 908,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Comerica Inc and will alert subscribers who have CMA in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Comerica Inc has traded in a range of $24.28 to $73.43 and is now at $36.86, 52% above that low. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 0.9%.

Write to SmarTrend at cs@mysmartrend.com

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